Horizon North Logistics (HNL.TO)

Leading provider of critical logistics for remote development of resources and infrastructure projects. Biggest areas of activity are north of Fort McMurray and now starting to be in Northeast BC. Biggest part of their business is housing for workers in remote locations. Well-run company. Trading around 9.5X earnings. 4% yield that will increase over time.

(Market Call Minute.) It’s all right but he prefers Black Diamond (BDI-T).

Prefers Black Diamond (BDI-T) which has a stronger growth trajectory with a more solid management team and better strategy. However, this one just won some contracts for LNG.

(A Top Pick Sept 26/12. Down 12.57%.) Sold his holdings when they lost a contract creating a revenue decline.

(A Top Pick September 21/12. Down 8.04%.) Provides accommodation, cafeterias, etc. to drilling camps. Got out of this when they lost one of their big customers. Thinks 2013 is going to be really tough for this company. Have a lot more competition now.

Offers lodging in the energy patch. There was a trend in place from 2010 that was broken in late 2012. The chart now shows a high, lower high and another lower high. That is not necessarily a great thing. It also had a bit of a neck line break at about $6.60, which is currently being tested.

(Top Pick Sep 26/12, Down 19.16%) The problem is that they were north of Fort McMurray. That has had a lot of pressure, such as the Voyager project scaling back. SU-T cut off a lot of their contracts with them. He got out when it started to go down. He sold it the morning of the news release. He still took a loss.

(A Top Pick March 27/13. Up 8.89%.) Just reported and beat expectations. Cheap, cheap stock. Still a table pounding Buy.

(Market Call Minute.) Strange situation. Lost a big contract and then came out with earnings and raised their dividend by a healthy amount. Thinks they will regain that business. Very, very cheap because of the lost contract.

He wouldn’t be a big buyer of natural resources. Does own a little bit of this one. This is a play on oil/gas exploration in the far north. ROE and dividend are superb. The right time to buy oil/gas service stocks is June, July and August. If you wait until July, he would guess you would be able to buy this for under $5.

(A Top Pick Sept 21/12. Down 25.7%.) Sold his holdings when the company announced they were negotiating with one of their existing customers which was not a good deal.

Great provider of critical logistic services for northern resource development, specifically for oil sands but also Hydro projects and other things. Has just started adding to his position again. Cheap, cheap stock at 7X earnings. Good balance sheet. Started paying dividends 2 years ago and have increased them twice so far. 4.6% dividend yield.

Provides living quarters for workers in oil companies. Just increased its dividend. Has a very strong dividend policy. Down with a lot of companies working in the oil sands. Very well managed company.

Had a stumble in their last quarter. Things are slowing down in the oil sands with differentials widening over the last 6 months and costs continuing to creep up. They basically cater in camp business of housing workers and providing services. We’ve probably seen the bottom in the pullback and it represents a pretty good buying opportunity. Dividend looks sustainable here. Things look good for the company.

(Top Pick Sept 21/12, Down 23.61%) Company came out Jan 10 about a contract with an existing customer but the company said they would only buy half the beds and the stocks sold off. Still likes the company very, very much. Looking for 20% increase in dividend. He would buy it back here.